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841 Scarlet Oak Dr, Monroe, MI 48162

3 beds • 3 baths • 2522 sqft

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This property looks like a bad Airbnb investment with a projected -7.98% first-year return on $94,713 initial cash invested.

-7.98%

Cash On Cash

4.21%

Cap Rate

0.72

DSCR

$3,229

Rent

-$630

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,229 income − $3,859 expenses = $630 out of pocket

Income$3,229Out of Pocket$630Mortgage P&I$1,78255%Property Taxes$39812%Insurance$1304%Management$48415%CapEx$1294%Maintenance$1294%Other$80725%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,713

Downpayment

20%

$73,060

Closing costs

1%

$3,653

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,229

Total Expenses

$3,859

Mortgage P&I

55%

$1,782

Property Taxes

12%

$398

Home Insurance

4%

$130

HOA

0%

$0

Property Management

15%

$484

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$807

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